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Accountancy · 2025 · 1 mark

CBSE 2025 · Region 4 · Set 3 · Q14

Ajit, Biswas and Chitra were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. Biswas died on 30th September, 2024. The firm…

Ajit, Biswas and Chitra were partners in a firm sharing profits and losses in the ratio of $\displaystyle 5$ : $\displaystyle 3$ : 2. Biswas died on 30th September, 2024. The firm closes its books on 31st March ever ear. Biswas's share of profits till the date of death from the last Balance Sheet date, was to be calculated on the basis of sales. Sales for the year ended 31st March, $\displaystyle 2024$ amounted to ₹ $\displaystyle 24,00,000$ and that from 1st April, $\displaystyle 2024$ to 30th September, $\displaystyle 2024$ amounted to ₹ $\displaystyle 15,00$,000. The profits for the year ended 31st March, $\displaystyle 2024$ were ₹ $\displaystyle 2,40$,000. Biswas's share of profits till the date of his death was :
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CBSE Class 12 Accountancy past-paper question from the 2025 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.